Sensex falls 700 points, Nifty spirals below 2%
Indian equity markets ended the week in red.
BSE Sensex fell 698.86 points or 2.54% to end at 26, 818.82 points while the bigger scrip Nifty-50 ended lower 2.68% at 8,296.30 points on Friday.
The losers on Sensex were Delta Corp (12.25%), Mannapuram Finance (11.99%), Shriram City Union Finance (9.34%), Srei Infrastructure Finance (9.42%) and Century Textiles Industry (9.56%).
Among the gainers were IndiaBulls Real Estate (5.97%), GET&D (4.55%), Sun Pharma (3.3%), Siemens (3.22%) and Just Dial (1.54%).
Oil prices dipped on Friday as focus was shifted on a persistent fuel supply overhang which is not expected to moderate till the time OPEC and many other producers decide to make a significant revision in their output. So far, International Brent crude oil futures (LCOc1) were trading at $45.77 per barrel at 0743 GMT (2:43 a.m. ET), down 7 cents from their last close.
Auto stocks were top losers on BSE. The S&P BSE Auto index was down by 489.97 points or 2.27% trading at 21049.39. No stocks were trading positive. Among the top losers were - Motherson Sumi at Rs 314.95 (3.49%), followed by Eicher Motors at Rs 22,302.05 (3.33%), Hero MotorCorp at Rs 3040 (3.32%), Tata Motors at Rs 516.85. (3.14%) and Bajaj Auto at Rs 2656.05 (2.90%).
Sun Pharma was the only happy stock during Friday trading session on BSE following Donald Trump win. The shares of Sun Pharma soared over Rs 34.35 or 5.15% on BSE, trading at Rs 701.30. It opened at Rs 691 higher from its previous closing of Rs 666.95. Nearly 1.48 lakh shares have been exchanged among investors.
Bank Nifty was trading at 20,166.50 down by 34 points or 0.17% on Friday's trading session. On the index public sector banks' stock overtook the private banks' shares. Among the gainers were - Federal bank at Rs 82.20 (2.37%), followed by Bank of Baroda at Rs 168.15 (1.91%), Punjab National Bank at Rs 162.30 (1.88%), Bank of India at Rs 126.45 (1.85%), Canara Bank at Rs 326.20 (1.64%), State Bank of India at Rs 285.35 (1.44%) and IndusInd Bank at Rs 1217 (0.23%). While among the losers were - Yes Bank taking the top spot of losers trading at Rs 1273.30 (1.31%), ICICI Bank at Rs 289.65 (1.01%), HDFC Bank at Rs 1271.95 (0.52%), Axis Bank at Rs 505.80 (0.23%) and Kotak Mahindra Bank at Rs 818.90 (0.04%).